Canadian National Railway Co
CNI- Exchange
- NYSE
- Industry
- Railroads, Line-Haul Operating
- SEC CIK
- 0000016868
No open-market purchases or sales by Canadian National Railway Co insiders were filed in the last 90 days; 849 institutions reported holding it in 13F filings for Q2 2026, worth $48.6B in total; 5 superinvestors hold it, including Gates Foundation Trust and TCI Fund Management.
13F holders, Q3 2025
Institutional positions in Canadian National Railway Co as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 758
- −48 vs. Q2 2025
- Shares held
- 411.6M
- −10.5M (−2.5%) vs. Q2 2025
- Total value
- $38.9B
- −$5.14B (−11.7%) vs. Q2 2025
- New holders
- 54
- 243 more added
- Sold out
- 102
- 292 more reduced
15 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting CNI on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 849 | $48.6B |
| Q1 2026 | 831 | $42.0B |
| Q4 2025 | 809 | $40.8B |
| Q3 2025 | 758 | $38.9B |
| Q2 2025 | 821 | $44.8B |
| Q1 2025 | 824 | $41.8B |
| Q4 2024 | 857 | $43.1B |
| Q3 2024 | 852 | $50.0B |
| Q2 2024 | 855 | $51.9B |
| Q1 2024 | 857 | $59.1B |
| Q4 2023 | 825 | $57.2B |
| Q3 2023 | 773 | $49.4B |
| Q2 2023 | 792 | $55.1B |
| Q1 2023 | 792 | $54.5B |
| Q4 2022 | 784 | $54.8B |
| Q3 2022 | 739 | $50.2B |
| Q2 2022 | 758 | $47.2B |
| Q1 2022 | 779 | $54.6B |
| Q4 2021 | 782 | $51.5B |
| Q3 2021 | 714 | $48.5B |
| Q2 2021 | 710 | $43.5B |
| Q1 2021 | 725 | $46.7B |
Institutions, Q3 2025
Shares, value and share of portfolio for each institution holding Canadian National Railway Co; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Hendershot Investments Inc. | 111,570 | $10.5M | 1.32% | −785−0.7% | Reduced |
| Janney Montgomery Scott LLC | 112,407 | $10.6M | 0.03% | +1,511+1.4% | Added |
| Rockefeller Capital Management L.P. | 112,784 | $10.6M | 0.02% | −1,898−1.7% | Reduced |
| AXA Investment Managers S.A. | 115,487 | $10.9M | 0.03% | +115,487 | New |
| Somerville Kurt F | 118,740 | $11.2M | 1.85% | −6,190−5.0% | Reduced |
| Lansforsakringar Fondforvaltning AB (publ) | 118,862 | $11.2M | 0.06% | +8,490+7.7% | Added |
| Pinnacle Associates Ltd | 120,584 | $11.4M | 0.15% | −7,455−5.8% | Reduced |
| Cardinal Point Capital Management, ULC | 124,426 | $11.7M | 0.82% | +27,857+28.8% | Added |
| Silvercrest Asset Management Group LLC | 126,071 | $11.9M | 0.08% | +3,109+2.5% | Added |
| LGT Group Foundation | 126,125 | $11.9M | 0.14% | +8,405+7.1% | Added |
| Cerity Partners LLC | 128,203 | $12.1M | 0.02% | +1,784+1.4% | Added |
| Vident Advisory, LLC | 131,495 | $12.4M | 0.12% | +7,790+6.3% | Added |
| Papp L Roy & Associates | 134,589 | $12.7M | 1.43% | −3,603−2.6% | Reduced |
| Erste Asset Management GmbH | 130,164 | $12.7M | 0.12% | +124,893+2,369.4% | Added |
| Great Lakes Advisors, LLC | 137,196 | $12.9M | 0.11% | −13,330−8.9% | Reduced |
| Choate Investment Advisors | 139,182 | $13.1M | 0.27% | −3,584−2.5% | Reduced |
| Varma Mutual Pension Insurance Co | 144,146 | $13.6M | 0.09% | +18,600+14.8% | Added |
| Crossmark Global Holdings, Inc. | 145,002 | $13.7M | 0.20% | +525+0.4% | Added |
| Coleford Investment Management Ltd. | 147,516 | $13.9M | 3.34% | −2,190−1.5% | Reduced |
| First Long Island Investors, LLC | 152,200 | $14.4M | 1.07% | −35,028−18.7% | Reduced |
| Hemenway Trust Co LLC | 154,132 | $14.5M | 1.11% | −23,664−13.3% | Reduced |
| Verity & Verity, LLC | 155,269 | $14.6M | 1.17% | +61,489+65.6% | Added |
| Foresight Global Investors, Inc. | 155,604 | $14.7M | 8.71% | +1,109+0.7% | Added |
| SIG North Trading, ULC | 156,470 | $14.8M | 2.27% | +70,660+82.3% | Added |
| Lighthouse Investment Partners, LLC | 158,799 | $15.0M | 0.54% | +158,799 | New |
| State Street Corp | 168,472 | $15.9M | 0.00% | −30,200−15.2% | Reduced |
| Picton Mahoney Asset Management | 174,203 | $16.4M | 0.21% | −48,654−21.8% | Reduced |
| Osher Van de Voorde Investment Management | 174,217 | $16.4M | 3.57% | −910−0.5% | Reduced |
| Windward Capital Management Co | 177,386 | $16.7M | 1.33% | −1,053−0.6% | Reduced |
| Wells Fargo & Company | 178,082 | $16.8M | 0.00% | +4,572+2.6% | Added |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 180,901 | $17.1M | 0.02% | −40,991−18.5% | Reduced |
| Aviso Financial Inc. | 183,692 | $17.3M | 0.70% | +8,591+4.9% | Added |
| Barclays PLC | 186,479 | $17.6M | 0.01% | +35,044+23.1% | Added |
| Banque Transatlantique SA | 191,740 | $18.1M | 0.44% | −20,246−9.6% | Reduced |
| Twin Tree Management, LP | 192,278 | $18.1M | 0.85% | −113,187−37.1% | Reduced |
| Cobblestone Capital Advisors LLC | 192,355 | $18.1M | 0.87% | +513+0.3% | Added |
| Nicola Wealth Management Ltd. | 198,800 | $18.7M | 1.67% | +24,200+13.9% | Added |
| Montrusco Bolton Investments Inc. | 200,189 | $18.9M | 0.22% | −65,808−24.7% | Reduced |
| Criteria Caixa, S.A.U. | 201,600 | $19.0M | 2.23% | 00.0% | Unchanged |
| Mn Services Vermogensbeheer B.V. | 202,060 | $19.1M | 0.12% | +2,600+1.3% | Added |
| Rempart Asset Management Inc. | 202,947 | $19.2M | 3.54% | +3,641+1.8% | Added |
| Bridgewater Associates, LP | 203,220 | $19.2M | 0.08% | +24,930+14.0% | Added |
| Raymond James Financial Inc | 229,736 | $21.7M | 0.01% | −36,763−13.8% | Reduced |
| Envestnet Asset Management Inc | 230,587 | $21.7M | 0.01% | −34,426−13.0% | Reduced |
| Qube Research & Technologies Ltd | 234,740 | $22.1M | 0.03% | −364,289−60.8% | Reduced |
| DKRT Investments Corp. | 235,000 | $22.2M | 5.32% | 00.0% | Unchanged |
| Guardian Partners Inc. | 237,954 | $22.5M | 1.91% | +1,823+0.8% | Added |
| Van Eck Associates Corp | 240,244 | $22.7M | 0.02% | +21,831+10.0% | Added |
| Natixis Advisors, L.P. | 245,476 | $23.1M | 0.03% | −26,948−9.9% | Reduced |
| Neuberger Berman Group LLC | 246,297 | $23.2M | 0.02% | +900+0.4% | Added |
| American Century Companies Inc | 250,347 | $23.6M | 0.01% | +46,218+22.6% | Added |
| Renaissance Technologies LLC | 250,400 | $23.6M | 0.03% | −315,500−55.8% | Reduced |
| Citigroup Inc | 262,863 | $24.8M | 0.02% | +100,629+62.0% | Added |
| Capital International Inc | 271,114 | $25.6M | 0.20% | −23,595−8.0% | Reduced |
| Bank of Nova Scotia Trust Co | 273,754 | $25.8M | 2.40% | +7,489+2.8% | Added |
| Ycg, LLC | 291,786 | $27.5M | 2.07% | +8,026+2.8% | Added |
| Pictet Asset Management Holding SA | 299,085 | $28.2M | 0.03% | −58,794−16.4% | Reduced |
| Louisbourg Investments Inc. | 302,143 | $28.5M | 6.22% | +9,729+3.3% | Added |
| Duff & Phelps Investment Management Co | 302,540 | $28.5M | 0.32% | +126,063+71.4% | Added |
| Partners Group Holding AG | 307,025 | $28.9M | 1.60% | −111,356−26.6% | Reduced |
| Korea Investment CORP | 321,965 | $30.4M | 0.06% | −81,577−20.2% | Reduced |
| APG Asset Management N.V. | 378,900 | $30.4M | 0.09% | −4,000−1.0% | Reduced |
| British Columbia Investment Management Corp | 338,770 | $31.9M | 0.18% | −700,675−67.4% | Reduced |
| CIBC Private Wealth Group, LLC | 340,708 | $32.1M | 0.06% | +14,843+4.6% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 342,605 | $32.3M | 0.07% | +109,094+46.7% | Added |
| Public Employees Retirement System of Ohio | 346,259 | $32.7M | 0.10% | −23,957−6.5% | Reduced |
| Guardian Capital LP | 359,196 | $33.9M | 1.09% | +14,282+4.1% | Added |
| Great West Life Assurance Co | 377,444 | $35.4M | 0.05% | +1,779+0.5% | Added |
| BlackRock, Inc. | 382,743 | $36.1M | 0.00% | −114,400−23.0% | Reduced |
| Northwest & Ethical Investments L.P. | 383,299 | $36.1M | 0.85% | +5,637+1.5% | Added |
| Saturna Capital CORP | 384,280 | $36.2M | 0.47% | 00.0% | Unchanged |
| First Trust Advisors LP | 409,077 | $38.6M | 0.03% | +34,314+9.2% | Added |
| Public Sector Pension Investment Board | 410,879 | $38.8M | 0.14% | +357,392+668.2% | Added |
| BNP Paribas Arbitrage, SA | 423,296 | $39.9M | 0.03% | −232,544−35.5% | Reduced |
| Aviva PLC | 425,687 | $40.1M | 0.07% | +25,300+6.3% | Added |
| Lincluden Management Ltd | 434,344 | $40.7M | 4.53% | +17,257+4.1% | Added |
| Intact Investment Management Inc. | 436,470 | $41.2M | 1.25% | −62,023−12.4% | Reduced |
| Cidel Asset Management Inc | 450,643 | $42.5M | 2.44% | +51,374+12.9% | Added |
| DekaBank Deutsche Girozentrale | 456,770 | $42.6M | 0.07% | 00.0% | Unchanged |
| Bornite Capital Management LP | 500,000 | $47.1M | 4.38% | +500,000 | New |
| Dixon Mitchell Investment Counsel Inc. | 505,300 | $47.7M | 1.70% | −15,454−3.0% | Reduced |
| Ameriprise Financial Inc | 526,346 | $48.3M | 0.01% | +110,122+26.5% | Added |
| UBS Group AG | 517,686 | $48.8M | 0.01% | −305,708−37.1% | Reduced |
| Northern Trust Corp | 522,863 | $49.3M | 0.01% | −53,055−9.2% | Reduced |
| Russell Investments Group, Ltd. | 547,250 | $51.6M | 0.06% | −71,507−11.6% | Reduced |
| HSBC Holdings PLC | 557,945 | $52.6M | 0.03% | +133,622+31.5% | Added |
| SEI Investments Co | 562,902 | $53.1M | 0.06% | +48,133+9.4% | Added |
| QV Investors Inc. | 585,546 | $55.2M | 4.78% | −5,409−0.9% | Reduced |
| Value Partners Investments Inc. | 601,920 | $56.7M | 4.63% | +47,975+8.7% | Added |
| Franklin Resources Inc | 627,600 | $59.2M | 0.01% | +44,381+7.6% | Added |
| Two Sigma Advisers, LP | 635,872 | $60.0M | 0.12% | +116,400+22.4% | Added |
| Addenda Capital Inc. | 468,314 | $61.5M | 1.82% | −946−0.2% | Reduced |
| State of Tennessee, Treasury Department | 716,537 | $67.6M | 0.23% | −1,600−0.2% | Reduced |
| Alberta Investment Management Corp | 722,600 | $68.1M | 0.49% | −301,900−29.5% | Reduced |
| Cardinal Capital Management, Inc. | 742,230 | $70.0M | 2.02% | +10,880+1.5% | Added |
| Voloridge Investment Management, LLC | 780,214 | $73.6M | 0.25% | +168,547+27.6% | Added |
| Burgundy Asset Management Ltd. | 845,531 | $81.8M | 0.77% | +136,747+19.3% | Added |
| Invesco Ltd. | 872,874 | $82.3M | 0.01% | +123,758+16.5% | Added |
| Amundi | 858,249 | $82.9M | 0.03% | −288,386−25.2% | Reduced |
| Scheer, Rowlett & Associates Investment Management Ltd. | 880,187 | $83.0M | 4.95% | +77,930+9.7% | Added |